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Those "in the know" completely understand that when it comes to the money that you spend on a home, interest rates are as important, if not more important, than the actual price you pay for a home.
Why?
See the article below to get a clear understanding of how interest rates so significantly affect your monthly payment.
The author, Marc Roth of BusinessWeek, writes: "if you want to buy a house, now is the time, and if you don't act soon, you will regret it. Here's why: historically low interest rates." He also goes on to say, "In fact, rates are so well below historic averages that it should make all current and prospective homeowners take notice of this once-in-a-lifetime opportunity."
Look at the orange line below...that's the 30-year fixed rate - as you can see, it's never been lower...dating back to 1970!
(Click on the graph for a larger image)
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In Jackson County, GA, for the week ending Dec. 6, 2009 the real estate market looks like this:
There are 334 active listings of which 165 are residential, 11 are farm and land. The listing number is up 3 from the previous reporting period.
There are 38 listings under contract, that number is 4 fewer than in the previous reporting period.
During the week of Nov. 29 - Dec. 6, 2009 there were 2 closed residential transactions and 1 closed farm & land transaction in Jackson County. This amount is down 1 transaction from the previous reporting period.
For more information on Jackson County, GA or if you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County please visit my website www.theathensrealestatepage.com.
Note: All data is taken from the Athens Area Association of Realtors MLS system and accurate as of one day after the reporting period.
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In Jackson County, GA, for the week ending Nov. 29, 2009 the real estate market looks like this:
There are 331 active listings of which 169 are residential, 12 are farm and land. The listing number is down 1 from the previous reporting period.
There are 42 listings under contract, the same as in the previous reporting period.
During the week of Nov. 23 - Nov. 29 , 2009 there were 4 closed residential transactions and 0 closed farm & land transactions in Jackson County. This amount is down 1 transaction from the previous reporting period.
For more information on Jackson County, GA or if you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County please visit my website www.theathensrealestatepage.com.
Note: All data is taken from the Athens Area Association of Realtors MLS system and accurate as of one day after the reporting period.
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During October, 2009 the Jackson County, GA real estate market slightly in the 12 month sliding sales volume after 3 months of being virtually flat. Overall, the volume is down less than 10% from a year ago, which is one of the better performing counties in the Athens, GA area.
The average Days on Market continues to increase, up slightly over September but still not much higher than a year ago. Both median and average pricing have decreased slightly from September, continuing their slow but steady decline. It will take a couple of months of being flat before we see a price bottom in Jackson County. This decline might be attributed to an increasing number of first time home buyers entering the market and getting the $8000 tax credit as well as the high percentage of foreclosures included in the sales figures.
The number of pending sales, at the end of August, for Jackson County was 46, down 1 from the end of September.
Residential sales includes single family homes, duplexes & triplexes, condos, townhomes, mobile and manufactured homes.
| Jackson County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 158 | $173,608.00 | $158,525.00 | 178 | ||
| 1-Dec-08 | 156 | $172,137.00 | $157,500.00 | 173 | ||
| 1-Jan-09 | 149 | $168,344.00 | $155,900.00 | 177 | ||
| 1-Feb-09 | 154 | $168,473.00 | $154,950.00 | 182 | ||
| 1-Mar-09 | 157 | $166,297.00 | $153,400.00 | 188 | ||
| 1-Apr-09 | 155 | $165,522.00 | $155,900.00 | 187 | ||
| 1-May-09 | 150 | $159,864.00 | $152,000.00 | 189 | ||
| 1-Jun-09 | 146 | $149,725.00 | $147,500.00 | 173 | ||
| 1-Jul-09 | 152 | $147,934.00 | $140,000.00 | 160 | ||
| 1-Aug-09 | 155 | $148,091.00 | $140,000.00 | 168 | ||
| 1-Sep-09 | 157 | $150,322.00 | $139,800.00 | 167 | ||
| 1-Oct-09 | 162 | $150,709.00 | $138,500.00 | 168 | ||
| 1-Nov-09 | 164 | $147,875.00 | $136,300.00 | 164 |
If you would like more information on Jackson County, or are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County you, please visit my website.
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In Jackson County, GA, for the week ending Nov. 1, 2009 the real estate market looks like this:
There are 309 active listings of which 152 are residential, 9 are farm and land. The listing number is up 11 from the previous reporting period.
There are 46 listings under contract, up 4 from the previous period.
During the week of Oct. 26 - Nov. 1, 2009 there 2 closed residential transactions and no closed farm & land transactions in Jackson County. This amount is down 1 transaction from the previous reporting period.
For more information on Jackson County, GA or if you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County please visit my website www.theathensrealestatepage.com.
Note: All data is taken from the Athens Area Association of Realtors MLS system and accurate as of one day after the reporting period.
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